First Niagara posts profit in most-recent quarter

4:57 PM,
Jul. 19, 2013

First Niagara has roughly 420 branches in upstate New York, Connecticut, Massachusetts and Pennsylvania.

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Staff reports

First Niagara Financial Group Inc. had profits of $71.1 million or 18 cents per share in its most recent quarter.

The Buffalo-based banking chain announced its latest quarterly earnings Friday. For the quarter ending June 30, Wall Street analysts surveyed by Bloomberg had expected adjusted profits of about $68 million or 18 cents per share.

First Niagara stock closed Friday at $10.35, up 7 cents or a fraction of a percent. ...